Correlations in Gold, Oil and Dollar Value Index

The world has changed to what it was before the 1960s and it is continuously changing. Since the world recognized oil as the next gold and formation of OPEC in 1961, the way the dollar worked and oil responded changed drastically. The major turn around in the value of oil was seen after the 1973 oil embargo of the oil producing countries from around the world, which shook the entire base of world economics.
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